ACC 117 - Introduction to Financial Calculations

This course helps students to build conceptual and quantitative skills related to transactions encountered in the worlds of finance, banking and commerce. Students will learn to prepare fundamental banking transactions including the use of promissory notes and mortgages to finance business and real estate transactions. Merchandising calculations, payroll preparation and sales and excise tax are studied extensively. The basics of insurance and stocks, bonds and mutual fund calculations are also considered in this course.

Class Hours: 4 Prerequisites:

Math placement test score of 55, or completion of course MATH 93 Prealgebra; AND Reading placement test core of 80, or completion of course READ 93 Foundations of College Reading.